HAI Token Drops After Private Key Leak

Cybersecurity firm Hacken has blamed a private key leak that allowed a bad actor to mint and loot $250,000 worth of the ecosystem’s native Hacken Token (HAI), causing it to plummet around 99% on Saturday.

In an X post, Hacken said the private key was connected to an account with a minting role on the Ethereum and BNB Chain, which led to the “unauthorized HAI minting and a dump” on decentralized exchanges — causing a 99% drop in the value of HAI from $0.015 to $0.000056.

HAI is currently trading at $0.00026.

Hacken team members…